Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.

While choosing from a plethora of credit cards in the market, consumers should choose one which supports their lifestyle and at the same time gives them the flexibility of using their reward points anywhere.

Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway.

We’ve been hearing for some time that Dubai rents are going to drop by about 5 per cent this year, but new data released by a property consultant on Sunday showed that a few locations have already started to see a slight decline in rates.

Shale oil producers are throttling back so quickly on drilling that US crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Gulf rivals.

Companies in the United Arab Emirates and Qatar invested about 160 million euros ($200 million) this season, almost a quarter of the total spent by companies worldwide sponsoring the shirts in Europe's top six leagues.

While the current oil prices are below most GCC countries’ fiscal break-even point, governments generally have the resources to help mitigate the immediate impact and maintain a supportive operating environment for economies.

Mobile and landline calls between telecom service providers will now be cheaper after the Board of Directors of the Communications and Information Technology Commission (CITC) approved a reduction in rates.